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...department, the Vatican might drop back to break-even for 2005. - By Jeff Israely and Adam Smith Keep On Rolling Were the obituaries for the auto business premature? Just a few months ago, major Western carmakers were on the skids. Standard & Poor's slashed the credit ratings for mighty Ford and General Motors to "junk" status in May; a month later, GM announced plans to cut 25,000 jobs. Sliding sales and depleted cash bumped Britain's MG Rover into administration in April. But it's summertime, and there are signs of life: GM's Employee Discount for Everyone promotion...
...futurist Philip Marlowe, Deckard (Harrison Ford) is assigned to round up some replicants--superrobots who can feel as well as think--in Ridley Scott's brilliant 1982 visualization of Philip K. Dick's Do Androids Dream of Electric Sheep? Set in 2019, the film doesn't allow Deckard the brains or heroism of the traditional detective, but it does let him fall in love with a beautiful female robot (Sean Young). Neo-Nick, meet android Nora. --By Richard Corliss
DIED. ARTHUR FLETCHER, 80, adviser to G.O.P. Presidents Nixon, Ford, Reagan and George H.W. Bush, dubbed the "father of affirmative action"; in Washington. A onetime defensive end for the Baltimore Colts and Los Angeles Rams, he developed the so-called Revised Philadelphia Plan as Nixon's Assistant Labor Secretary. Based on an earlier effort to diversify that city's racist construction unions, his was the first workable outline for affirmative action and became the blueprint for subsequent programs. He later ran the United Negro College Fund, where he coined the slogan "A mind is a terrible thing to waste...
While environmentalists generally laud these efforts, corporate pledges to go green tend to be the first casualties when business gets tough, and enviros often criticize the promises as "greenwash"--really, business as usual. In 2000, Ford Motor lit up the Birkenstock crowd by promising to improve SUV fuel economy 25% by 2005; three years later, the firm reneged amid a steep sales slump and $6.4 billion in losses. Ford has started issuing reports on its environmental impact and is taking steps to address global warming. But nowhere in the publicity efforts do you hear that the firm is part...
Large, global companies are complex organisms, of course, with sometimes contradictory positions, and you could say Ford execs are just protecting investors, whose interests they are legally required to represent. No CEO wants to stand up at a shareholders' meeting and announce that going green hurt profits. "Guys in my job can't have hobbies," Immelt says, explaining that he's not greening GE to earn plaudits from environmentalists, eco-minded consumers or even young GE employees, who liked the idea according to internal focus groups. "You can't do things because you had a vision while you were...